Bank of England governor: The SEVEN people tipped to replace Mark Carney

The Bank of England has started looking for the next Governor as Mark Carney will step down on January 31, 2020. The hunt for the new Governor was announced by Chancellor of the Exchequer Philip Hammond on Wednesday. Mr Carney, who oversees the Bank of England’s three main policy committees, one of which sets interest rates, has been in the post since July 2013.

Mr Hammond said on Wednesday: “In today’s rapidly evolving economy the role of Governor is more important than ever.

“Finding a candidate with the right skills and experience to lead the Bank of England is vital for ensuring the continuing strength of our economy and for maintaining the UK’s position as a leading global financial centre.”

The role as Governor for the Bank of England offers a remuneration of £480,000 a year.

Candidates must be able to lead a “complex and powerful financial institution.”